India?s largest generator NTPC?s net profit after tax grew 27.5% to Rs 2193.62 crore for the quarter ended June 30 as compared to Rs 1726.53 crore for the corresponding period of previous year. Total income has increased to Rs 12,778.96 crore from Rs 10256.70 crore, a rise of 24.59%.
The company has declared net sales of Rs 12,002.68 crore as against Rs 9,539.47 crore registering an increase of 25.82%. NTPC?s fuel cost has risen by a record 26.13% to Rs 7,742.66 crore against Rs 6,138.55 crore. However, this will be pass through on consumers.The company with 14 ?coal based?, 7 ?gas based? and 4 JV ?power stations? has total installed capacity of 30,644 MW. With 18.79% of its installed capacity, NTPC contributes around 28.60% of country?s power generation. The company is poised to become a 50,000 MW company by 2012. A Mumbai based analyst said, ? NTPC?s generation has increased by 11% and it has added about 2,000 MW of generation capacity y-o-y. During Q1 the company has imported 2.5 million tonnes of coal. NTPC proposes to import a total of 12.5 million tonnes during the current fiscal?. NTPC chairman and managing director RS Sharma told FE on Monday, “NTPC’s results are quite encouraging. The company has been striving to achieve its target of 22,430 MW of capacity addition by the end of 11th five year plan?. Sharma informed that NTPC will commission the Kahalgaon VII unit in August, first unit of Dadri project in September and second unit in February next year.
NTPC is engaged in the implementation of three hydro projects that total 1,920 MW. It is pursuing its plan to establish coalmining capacity of 50 million tonnes per annum by 2017. However, the company has sought the centre’s intervention for simplification of forestry clearance procedures. Besides, the company has also sought the centre’s help for improvement in the coal supply position to its various positions. NTPC, which is currently involved in legal battle against Reliance Industries over the gas supply and pricing, has yet to enter into gas sale purchase agreement with RIL for the supply of 2.7 million metric standard cubic meter per day (mmscmd) of KG D6 gas for its projects other than Kawas and Gandhar. Both have yet to arrive at a consensus on issues relating to marketing margin and take or pay.
The Central Electricity Regulatory Commission has recently given its ?in principle approval? for the setting up a third power exchange floated jointly by NTPC, NHPC, Power Finance Corporation and Tata Consultancy Services. A JV company plans to launch the operations by December instead of original target of April next year. It will compete with two power exchanges, Indian Energy Exchange and Power Exchange India that are currently in operation.